Zazove Associates LLC increased its position in shares of Gold Royalty Corp. (NYSE:GROY - Free Report) by 83.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 441,000 shares of the company's stock after purchasing an additional 200,000 shares during the period. Zazove Associates LLC owned approximately 0.26% of Gold Royalty worth $534,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in GROY. Bank of Montreal Can raised its holdings in shares of Gold Royalty by 15.4% in the fourth quarter. Bank of Montreal Can now owns 3,591,397 shares of the company's stock worth $4,346,000 after acquiring an additional 478,665 shares during the last quarter. Sprott Inc. grew its holdings in shares of Gold Royalty by 227.5% during the fourth quarter. Sprott Inc. now owns 363,841 shares of the company's stock worth $440,000 after buying an additional 252,735 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Gold Royalty by 20.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 125,910 shares of the company's stock valued at $152,000 after buying an additional 21,717 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Gold Royalty during the third quarter valued at approximately $83,000. Finally, Verition Fund Management LLC acquired a new stake in Gold Royalty during the third quarter worth approximately $32,000. Hedge funds and other institutional investors own 33.75% of the company's stock.
Analyst Ratings Changes
Separately, HC Wainwright increased their price objective on shares of Gold Royalty from $5.50 to $5.75 and gave the stock a "buy" rating in a report on Wednesday, February 5th.
Check Out Our Latest Research Report on Gold Royalty
Gold Royalty Stock Performance
GROY stock traded up $0.03 during midday trading on Monday, reaching $1.55. The company had a trading volume of 838,116 shares, compared to its average volume of 1,065,611. Gold Royalty Corp. has a fifty-two week low of $1.16 and a fifty-two week high of $2.21. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $1.42 and a 200 day moving average price of $1.35. The firm has a market capitalization of $264.23 million, a PE ratio of -11.92 and a beta of 0.79.
About Gold Royalty
(
Free Report)
Gold Royalty Corp., a precious metals-focused royalty company, provides financing solutions to the metals and mining industry. It focuses on acquiring royalties, streams, and similar interests at varying stages of the mine life cycle to build a portfolio offering near, medium, and longer-term returns for its investors.
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